Financial Backers of Global Coal

We are revealing the investors and banks behind the companies on our Global Coal Exit List.

 

In January 2021, 4,488 institutional investors held investments totaling US$ 1.03 trillion in companies operating along the thermal coal value chain.

Between October 1st 2018 and October 31st 2020 our research identified 665 banks that provided loans totaling US$ 315 billion and underwriting activities worth over US$ 808 billion to GCEL companies.

For more information, see the full ranking of the financial institutions and our briefing “Revealing the Financiers of the Coal Industry”.

Below, you can look up these investors and banks and their coal investments, but you can also search for a coal company and look at the banks and investors behind it.

The investment figures presented are gathered at group level. Please, note that investments might have changed since the data was retrieved from the financial databases. Read the detailed Methodology for more information.

The GCEL 2020 finance research was published by Urgewald and partner NGOs and was conducted by Profundo. Further analysis on the listed financial institutions’ coal policies can be found in the Coal Policy Tool of Reclaim Finance.

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Raiffeisen Bank International

Austria
Company Country of HQ Shareholding (Mio $) Bondholding (Mio $) Total (Mio $) Sort ascending
Air Products & Chemicals USA 32.39 5.33 37.72
Fortum Finland 3.88 6.53 10.41
Electricite de France (EDF Group) France 9.83 9.83
Energie Versorgung Niederoesterreich (EVN) Austria 5.36 4.47 9.82
BHP Group Australia 0.14 8.17 8.31
CEZ Czech Republic 3.38 3.97 7.35
WEC Energy Group USA 6.15 6.15
EnBW Energie Baden-Württemberg Germany 6.04 6.04
Anglo American United Kingdom 0.85 5.17 6.02
United Tractors Indonesia 5.50 5.50
Southern Company USA 5.25 5.25
Larsen & Toubro India 5.13 5.13
Enel Italy 3.59 1.13 4.71
Guangdong Investment China 4.47 4.47
Tenaga Nasional Berhad (TNB) Malaysia 4.00 4.00
Origin Energy Australia 2.96 2.96
Bulgarian Energy Holding (BEH) Bulgaria 2.46 2.46
RWE Germany 2.40 2.40
Perusahaan Listrik Negara (PLN) Indonesia 2.28 2.28
Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) Poland 2.20 2.20
TAURON Polska Energia Poland 1.74 0.36 2.09
Chongqing Energy Investment Group China 2.00 2.00
Vale Brazil 1.72 1.72
AGL Energy Australia 1.56 1.56
Genting Malaysia 1.31 1.31
Fortis Canada 1.29 1.29
IDACORP USA 1.12 1.12
Itochu Japan 1.03 1.03
Formosa Plastics Taiwan 0.98 0.98
NRG Energy USA 0.97 0.97
POSCO South Korea 0.94 0.94
PGE (Polska Grupa Energetyczna) Poland 0.09 0.83 0.92
J-POWER (Electric Power Development) Japan 0.88 0.88
Energa Poland 0.71 0.71
Duke Energy USA 0.66 0.66
RusHydro Russia 0.60 0.60
Eskom Holdings South Africa 0.60 0.60
OJSC OGK-2 Russia 0.59 0.59
Indonesia Asahan Aluminium Indonesia 0.55 0.55
CLP Holdings China (Hong Kong) 0.47 0.47
PKP Cargo Poland 0.41 0.41
Power Assets Holdings China (Hong Kong) 0.37 0.37
South32 Australia 0.32 0.32
Mitsubishi Japan 0.30 0.30
CMS Energy USA 0.24 0.24
XCEL Energy USA 0.23 0.23
AES Corp USA 0.20 0.20
NiSource USA 0.17 0.17
Glencore Switzerland 0.17 0.17
CenterPoint Energy USA 0.14 0.14
NTPC India 0.12 0.12
Korea Electric Power (KEPCO) South Korea 0.08 0.08
Adani Group India 0.04 0.04
Manila Electric Co (MERALCO) Philippines 0.03 0.03

TOTAL (in US$ million)

Shareholding: 100.71
Bondholding: 66.10
Total: 166.81